Team Correlations

TISI Stock

USD 17.95 0.10 0.56%

The correlation of Team is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Team Correlation With Market

Significant diversification

The correlation between Team Inc and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Team Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Team Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Team Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving against Team Stock

0.74	FC	Franklin Covey	Pair Corr
0.56	LZ	LegalZoom	Pair Corr
0.49	DXST	Decent Holding Ordinary	Pair Corr
0.46	VCIG	VCI Global Limited	Pair Corr
0.41	VLTO	Veralto	Pair Corr
0.41	EEFT	Euronet Worldwide	Pair Corr
0.41	FOUR	Shift4 Payments	Pair Corr
0.4	DLHC	DLH Holdings Corp	Pair Corr
0.72	RPAY	Repay Holdings Corp	Pair Corr
0.7	WEX	Wex Inc	Pair Corr
0.62	AMBI	Ambipar Emergency	Pair Corr
0.55	LNZA	LanzaTech Global	Pair Corr
0.48	MIMI	Mint Incorporation	Pair Corr
0.41	BLMZ	BloomZ Ordinary Shares	Pair Corr
0.4	XYZ	Block, Inc Symbol Change	Pair Corr
0.35	ADVWW	Advantage Solutions	Pair Corr
0.32	DLX	Deluxe	Pair Corr
0.32	HNI	HNI Corp	Pair Corr
0.55	BE	Bloom Energy Corp	Pair Corr
0.48	EH	Ehang Holdings	Pair Corr
0.42	BW	Babcock Wilcox Enter Buyout Trend	Pair Corr

Related Correlations Analysis

	SMX	LICN	PFSW	SST	ATTO	SMXWW	XCPL	SP	UNF	FA
SMX		-0.3	0.0	-0.25	0.0	0.0	-0.4	0.0	-0.21	-0.69	SMX
LICN	-0.3		0.0	0.07	0.0	-0.25	-0.06	0.0	0.51	0.59	LICN
PFSW	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	PFSW
SST	-0.25	0.07	0.0		0.0	-0.23	0.81	0.0	0.36	0.25	SST
ATTO	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ATTO
SMXWW	0.0	-0.25	0.0	-0.23	0.0		-0.3	0.0	-0.43	-0.22	SMXWW
XCPL	-0.4	-0.06	0.0	0.81	0.0	-0.3		0.0	0.17	0.18	XCPL
SP	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SP
UNF	-0.21	0.51	0.0	0.36	0.0	-0.43	0.17	0.0		0.64	UNF
FA	-0.69	0.59	0.0	0.25	0.0	-0.22	0.18	0.0	0.64		FA
	SMX	LICN	PFSW	SST	ATTO	SMXWW	XCPL	SP	UNF	FA

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

XCPL	+ 0.81	SST
FA	+ 0.64	UNF
FA	+ 0.59	LICN
UNF	+ 0.51	LICN
UNF	+ 0.36	SST
FA	+ 0.25	SST

High negative correlations

FA	- 0.69	SMX
UNF	- 0.43	SMXWW
XCPL	- 0.4	SMX
XCPL	- 0.3	SMXWW
LICN	- 0.3	SMX
SMXWW	- 0.25	LICN

Risk-Adjusted Indicators

There is a big difference between Team Stock performing well and Team Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Team's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SMX	5.32	(0.89)	0.00	0.61	0.00	0.00	8.75	(8.70)	68.79
LICN	6.50	0.55	0.09	(1.22)	5.32	(10.28)	21.05	(9.54)	93.91
PFSW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SST	8.64	1.69	0.21	(9.67)	7.12	(11.08)	18.34	(13.01)	57.78
ATTO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMXWW	14.45	2.46	0.13	(1.57)	14.70	(22.12)	38.46	(29.68)	148.25
XCPL	5.34	2.37	0.00	3.89	0.00	0.00	0.00	0.00	100.00
SP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UNF	1.27	(0.07)	0.00	0.68	0.00	0.00	2.85	(2.31)	14.43
FA	2.37	0.30	0.11	0.25	2.45	(2.56)	4.93	(4.06)	23.89

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